NFL to Supreme Court: Prediction Markets Are Gambling

📡 CNBC Top News 4d ago · 1 min read ·

Part of composite article Prediction Markets Are Quietly Eating the NFL View full article →

The NFL has told the Supreme Court that sports prediction contracts are gambling and should be regulated by the states. In an amicus brief, the league backed New Jersey regulators in their fight against Kalshi, a prediction market platform. The NFL argues these contracts are effectively sports betting, which states have the power to regulate.